> that’s still peanuts compared to the energy use of the internet This is terrible reasoning. The internet services something like 3 billion users across milli

> that’s still peanuts compared to the energy use of the internet This is terrible reasoning. The internet services something like 3 billion users across millions of websites and applications, bitcoin is a niche toy that runs on the internet and services a few million users by the most optimistic projections. > the estimated energy usage for datacenters in the US is 70 TWh in 2014 So bitcoin manages to consume 1/3rd the energy of all US data centers to verify a handful of transactions that could be performed on a raspberry pi in a trusted environment.